With the rise of global markets, many Indian investors are interested in diversifying their portfolios by investing in US stocks. However, there are several key steps and legal requirements to consider before doing so. In this question, explore the process ...
Government Schemes to Support the Girl Child in IndiaIn India, several government schemes have been implemented to promote the welfare of the girl child, addressing issues such as education, health, safety, and empowerment. These initiatives are aimed at ensuring girls have equal opportunities and sRead more
Government Schemes to Support the Girl Child in India
In India, several government schemes have been implemented to promote the welfare of the girl child, addressing issues such as education, health, safety, and empowerment. These initiatives are aimed at ensuring girls have equal opportunities and support to thrive in society. Here, we discuss prominent schemes including their eligibility criteria, benefits offered, and application procedures.
Beti Bachao Beti Padhao
Beti Bachao Beti Padhao (BBBP) is a flagship scheme launched in 2015, targeting the declining child sex ratio and promoting education for girls.
Eligibility Criteria:
The scheme is applicable to all families with girl children across the country, aiming to create awareness about the importance of girl education and gender equality.
Benefits:
The scheme seeks to ensure the survival, protection, and education of the girl child. It provides financial assistance for the education of girls and awareness campaigns to promote gender equality.
How to Apply:
There is no direct application process for the scheme itself. However, community and local bodies are involved in its implementation to create awareness and monitor the welfare of girls.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a savings scheme introduced under the BBBP initiative specifically aimed at the financial empowerment of the girl child.
Eligibility Criteria:
The scheme is applicable for a girl child aged below 10 years at the time of opening the account. A girl child can only have one SSY account. SSY accounts can be opened at any post office or authorized commercial bank branch. It can be opened till the girl child attains the age of 10 years.
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Investing in US Stocks from India: A Comprehensive GuideWith the increasing globalization of markets, many Indian investors are looking to diversify their investment portfolios by accessing US stocks. This process involves navigating regulatory frameworks, selecting appropriate platforms, and undersRead more
Investing in US Stocks from India: A Comprehensive Guide
With the increasing globalization of markets, many Indian investors are looking to diversify their investment portfolios by accessing US stocks. This process involves navigating regulatory frameworks, selecting appropriate platforms, and understanding the associated risks and benefits. Below, we explore the essential steps for investing in US stocks from India.
Regulatory Framework Governing Foreign Investments
One of the primary regulations governing foreign investments is the Liberalized Remittance Scheme (LRS), which allows Indian residents to remit up to $250,000 per financial year for permissible transactions, including investments in foreign stocks. Under the LRS, Indian citizens can invest in US stocks, provided they adhere to the stipulated limits and guidelines set forth by the Reserve Bank of India (RBI). It is crucial for investors to stay updated with any changes to these regulations to ensure compliance.
Platforms and Brokers for Trading US Stocks
Various online platforms and brokerage firms facilitate investments in US stocks for Indian investors. Some renowned brokers include:
– Interactive Brokers: Known for its low commission rates, it provides access to a wide range of international markets.
– Charles Schwab: Offers Indian investors the chance to trade in US stocks with minimal fees and provides advisory services.
– TD Ameritrade: This platform is user-friendly and has extensive research tools, making it appealing for investors new to the US market.
Investors should compare these platforms based on factors such as commissions, customer service, and the ease of withdrawal of funds.
Steps for
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